• World
  • Columnist
  • Commodities
  • WORLD BUSINESS & ECONOMY
  • Executive Knowledge Series
  • Finance
  • Manufacturing
  • Markets
  • Risk & Governance
  • Small Business
  • Technology, Media & Innovation
  • Comments
  • Business AM WebTV
  • Login

Businessamlive
  • FRONTPAGE
  • FINANCE
    • AllAsset ManagementAuditBankingBondBudgetCapital MarketsC&I LeasingCurrencyDealDebt marketForexFund RaisingFundingGovernmentHedge FundsInsuranceInvestmentInvestorInvestor ServicesMergers & AcquistionsMoney marketTreasury BillsMortgagePensionsPersonal financePonziQuantitative EasingshareTaxationTSAWealth Management
      Finance

      Stringent regulations, business environment forced Stanbic IBTC out of BDC business

      January 15, 2021

      Finance

      Cautious equities trading see gains in Flour Mills, Mobil, Wapco push market cap to ₦21.09trn

      January 15, 2021

      Finance

      CBN issues guidelines for QR codes operation in Nigeria

      January 15, 2021

      Finance

      Global Equities: Positive sentiment buoys global markets’ performance on vaccine rollout, Biden confirmation

      January 13, 2021

  • MARKETS
  • ECONOMY
    • AllAfricaAgricAirportsAmericaAsiaAustraliaBreakthroughDealEuropeForeign InvestmentsforexGlobal marketGovernanceIMFMiddle EastNECANigeriaOutlookRich listSouth AfricaSport BusinessTradeU.KWest AfricaWorld Economic forum
      Technology

      Africa data centre market to outpace $3bn by 2025, says Turner & Townsend

      3 hrs

      Commodities

      Wheat soars as Russia considers export tax

      3 hrs

      WORLD BUSINESS & ECONOMY

      Only 20% of UK financial services professionals believe firms possess ethical commitment

      January 16, 2021

      Frontpage

      Moody’s sees negative 2021 outlook for sub-Saharan Africa, with severe economic challenges

      January 15, 2021

  • COMMODITIES
  • ENERGY
    • AllConferenceElectricityOil and GasPowerRenewable
      Frontpage

      NNPC receives $120.49m crude oil receipt in September  

      14 hrs

      Frontpage

      NNPC moves to rehabilitate downstream infrastructure, openscontract bids

      January 15, 2021

      Companies

      Ardova enters acquisition talks with Enyo as part of expansion drive  

      January 15, 2021

      Oil and Gas

      NNPC reaffirms commitment to OPEC+ agreement   

      January 15, 2021

  • TECHNOLOGY
  • MANUFACTURING
  • ANALYSIS
    • Analyst Insight

      CBN meeting and NSE in focus

      22 hrs

      Analyst Insight

      Once again, fiscal stimulus takes centre stage

      23 hrs

      Analyst Insight

      Organisations must learn from the WhatsApp story  

      January 18, 2021

      Analyst Insight

      Data privacy maturity model in organisations

      January 11, 2021

Frontpage

NSE clears air on Oando’s shares, okays trading to resume Thursday

April 11, 2018920 views0 comments

The Nigerian Stock Exchange Wednesday night cleared the air on the confusion surrounding trading in the shares of Oando Plc, suspended since last year, saying that the shares will be back on the market Thursday, April 12, 2018.
In a statement The Exchange said “trading in Oando’s shares will resume without any impediment in price movement consistent with the NSE’s market structure.”

It said this was being done in the overall interest of the investors in Nigeria’s capital markets, and that it followed the consultation with the Securities and Exchange Commission, advising that the suspension on the shares will be lifted at the start of trading on the day.

“The Exchange shall endeavor to keep the investing public and the entire capital market ecosystem informed should there be any further developments on this matter,” it said.

Explaining the reason for whatever confusion that arose in the last couple of days, The NSE said it was clarifying and confirming the status of trading in the shares of the company, which it said were currently on “full suspension”.

Read Also:

  • Naira weakens on street, FX reserves climb to $35.7bn in first trading…
  • Dangote Cement buys 40.2m shares in first tranche of buyback programme  
  • Cautious equities trading see gains in Flour Mills, Mobil, Wapco push…
  • Domestic Equities: Bears navigate wheel in first trading week as profit…

According to The Exchange: “By a letter dated 9 April 2018 from the Securities and Exchange Commission, The Exchange was directed to lift the technical suspension placed on the trading of Oando’s shares.

“In compliance with the Commission’s directive, The Exchange by a letter dated 10 April 2018, informed the Commission that it will lift the technical suspension placed on the shares of Oando effective 11 April 2018. This action was duly effected and trading commenced without any impediment to price movement in the morning of 11 April 2018.

“Subsequent to the lifting of the technical suspension, on 11 April 2018, The Exchange received another communication from the Commission to maintain the status quo prior to the Commission’s letter of 9 April 2018, i.e., the technical suspension of trading in Oando’s shares.

“In order to ensure compliance with the Commission’s further communication notwithstanding the fact that The Exchange’s systems cannot implement a technical suspension intraday, the Exchange suspended trading in Oando’s shares.”

It then apologised for any inconvenience that may have been caused saying it regretted this.

Share on Facebook Tweet Email
TagsNigerian stocks exchange NSE Oando
PreviousNigeria’s standards agency steps up surveillance with 16-man unit to strengthen data gathering
NextHeritage Bank partners GAC Motors on vehicle finance scheme, Go CAR-razy

Leave a comment

- Cancel reply

MARKET DATA

Market Videos

Recent Posts

  • Africa data centre market to outpace $3bn by 2025, says Turner & Townsend
  • Wheat soars as Russia considers export tax
  • Tizeti expands coverage to Edo, introduces low-cost unlimited 4G services
  • NNPC receives $120.49m crude oil receipt in September  
  • Sachet Culture: Fueling consumer buying behaviour or pollution?

World

Africa

Buhari, Okonjo-Iweala congratulate Adesina over reelection as AfDB President

Europe

EU businesses to cut investments in 2020, says EIB report

America

U.S. increases cost of visa application for Nigerians

Africa

Thatcher-Loving Nigeria Candidate Plans to Overhaul Economy

Africa

AfDB scales up industrialization pace on the continent, delivers improved business access to finance, skills, energy

Frontpage posts

0

JSE benchmark index crosses 60,000 level on investors’ sentiments over U.S stimulus deal

Frontpage December 17, 2020

1
2

Nigeria’s rising debt servicing cost unsettles investors –Report

Frontpage May 7, 2019

3

U.S. fails to reassure Europe, Japan over ‘Trumponomics’

Frontpage May 14, 2017

4

Analysts see mixed market performance this week, but advise caution

Frontpage May 18, 2020

5

House of Reps probes PENCOM, vows to protect N8.9tr assets

Frontpage February 7, 2019

SUPPORT

  • Photo Gallery
  • Help Centre
  • About Us
  • Accessibility

LEGAL & PRIVACY

  • Terms & Conditions
  • Privacy
  • Cookies
  • Copyright

SERVICES

  • Conferences & Events
  • Analysts Research
  • Advertising Rate
  • Ebooks

TOOLS

  • Portfolio
  • Newsletters
  • News feed
  • Currency Converter

SUBSCRIBE

Join us to get latest updates on business related news.

[mc4wp_form id="3076"]
  • ABOUT US
  • CONTACT US
  • CAREERS
  • TERMS & CONDITIONS
  • PRIVACY POLICY
Copyright 2017. All rights reserved. BusinessAMLive. A Businessnewscorp Member Company.